KUALA LUMPUR - Malaysia completed the transfer of criminal cases against three Goldman Sachs Group Inc units facing charges linked to 1MDB to a higher court.
"It's good news that everything was settled and the case has been transferred," Mr Aaron Paul Chelliah, deputy public prosecutor, said in Kuala Lumpur on Wednesday ."At least one step in the process is complete, so it's a big development for us." Attorney-General Tommy Thomas expects the trial to begin in the middle of the year, while saying he's ready to press ahead with the prosecution by bringing Goldman's current and former directors to court.
The scandal has roiled Malaysian politics and led to lifetime bans against Goldman bankers including Andrea Vella and Tim Leissner from the financial industry. Leissner has pleaded guilty in the US to charges including conspiring to launder money.
Source: Law Daily Report (lawdailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandalWASHINGTON (REUTERS) - The US Federal Reserve said on Tuesday (Feb 4) that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia's multi-billion-dollar 1MDB corruption scandal.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandalWASHINGTON (REUTERS) - The US Federal Reserve said on Tuesday (Feb 4) that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia's multi-billion-dollar 1MDB corruption scandal.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Federal Reserve permanently bars Goldman banker over 1MDBFederalReserve permanently bars Goldman banker over 1MDB
Source: BusinessTimes - 🏆 15. / 51 Read more »
High Court orders Li Shengwu to answer AGC’s questions, produce documents mentioned in his defence affidavit
Source: TODAYonline - 🏆 1. / 99 Read more »
High Court dismisses SDP’s Pofma appeal, calls party’s arguments ‘problematic’SINGAPORE — The High Court has dismissed an appeal by the Singapore Democratic Party against the correction directions it was issued under the Protection from Online Falsehoods and Manipulation Act (Pofma) by Manpower Minister Josephine Teo.
Source: TODAYonline - 🏆 1. / 99 Read more »
Twitter says state-backed actors may have accessed users' phone numbersTwitter said on Monday that it had discovered attempts by possible state actors to access the phone numbers associated with user accounts, after a security researcher unearthed a flaw in the company's 'contacts upload' feature. In a statement published on its privacy blog, Twitter said
Source: YahooSG - 🏆 3. / 71 Read more »